The Starling Becomes First Acquisition for Origin's New DST Program

Origin Investments has made its first acquisition under its newly launched DST platform with the purchase of The Starling, a 300-unit multifamily community in Princeton, Texas, as part of its 1031 exchange program.

September 09, 2024

Origin Investments has made its first acquisition for its newly launched Delaware statutory trust (DST) platform, securing The Starling, a 300-unit multifamily property in Princeton, Texas. This marks the beginning of the Origin Exchange program, designed to provide real estate owners with a 1031 exchange opportunity to move from actively managed properties into a professionally managed asset, with investments starting at $250,000.

The Starling, completed in 2022, offers 11 garden-style Class A buildings featuring studio, one, two, and three-bedroom units equipped with high-end finishes like stainless steel appliances, quartz countertops, and keyless entry systems. Community amenities include a resort-style pool, clubhouse, private business offices, and a dog park. At the time of acquisition, the property was 92% occupied.

Michael O’Shea, vice president of Origin Exchange, expressed enthusiasm for the program’s launch, noting The Starling’s alignment with the needs of 1031 exchange investors seeking passive, professionally managed assets. The acquisition is also Origin’s first common equity purchase of a multifamily community since 2020.

Founded in 2007, Origin Investments manages $2.8 billion in assets and specializes in providing tax-efficient real estate solutions for high-net-worth investors, family offices, and registered investment advisers.